U.S. Bancorp Downgraded to Neutral at Macquarie (USB)
U.S. Bancorp (NYSE:USB) was downgraded by investment analysts at Macquarie to a “neutral” rating in a note issued to investors on Thursday, American Banking News reports.
Shares of U.S. Bancorp (NYSE:USB) opened at 40.40 on Thursday. U.S. Bancorp has a 52 week low of $31.99 and a 52 week high of $40.83. The stock’s 50-day moving average is $39.28 and its 200-day moving average is $37.54. The company has a market cap of $73.783 billion and a P/E ratio of 13.56.
U.S. Bancorp (NYSE:USB) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.76 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.76. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that U.S. Bancorp will post $3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, December 27th.
A number of other analysts have also recently weighed in on USB. Analysts at TheStreet reiterated a “buy” rating on shares of U.S. Bancorp in a research note to investors on Friday, December 27th. Separately, analysts at FBR Capital Markets raised their price target on shares of U.S. Bancorp from $42.00 to $50.00 in a research note to investors on Friday, December 20th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $39.98.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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